It means TV’s “Mr Nasty’’ – who once joked “Sir Simon” had a nice ring to it – will finally get his wish.

Speculation is rife that Cowell, 56, will be rewarded by Her Majesty who turns 90 years old on April 21.

MILLIONS: The entrepreneur has made huge sums of money for the British music industry (Image: GETTY)

As part of her annual celebrations she hands out honours in June – on her second official birthday – to the great and the good.

It is thought the entrepreneur will receive a prestigious knighthood for generating millions for the British music industry with acts such as Westlife and One Direction and for launching iconic TV shows such as Pop Idol, X Factor and Britain’s Got Talent.

But he will also be rewarded for his charitable work including helping children’s hospices including Together For Short Lives as well as dog rescue centres.

CHANCES: Ladbrokes have already slashed their odds (Image: GETTY)

His close friend Louis Walsh, 63, thinks Cowell deserves the high honour. He said: “He should be a Sir. Why isn’t he a Sir? He would love it.”